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(5,545 posts)

4. The reparations did have terrible effects on the German economy.

Sun Sep 14, 2025, 09:13 PM

Sep 2025

And these effects were predicted by Keynes.

https://en.wikipedia.org/wiki/The_Economic_Consequences_of_the_Peace

The central banker who got the German economy on track again was Hjalmar Schacht. He went from celebrated banker to a concentration camp for standing up to Hitler. After the war, at the Nuremberg Trials he was acquitted by the Allies.

https://en.wikipedia.org/wiki/Hjalmar_Schacht

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"They Thought They Were Free" [View all] AverageOldGuy Sep 2025 OP

A book that should be read in every high school civics class. dgauss Sep 2025 #1

The metamorphosis was so nuanced that no_hypocrisy Sep 2025 #2

"What happened here was the gradual habituation of the people..." dgauss Sep 2025 #3

As Gregor Samsa awoke one morning from uneasy dreams JoseBalow Sep 2025 #5

Cockroach? Hard to see that coming. But Nazi? dgauss Sep 2025 #7

The reparations did have terrible effects on the German economy. markodochartaigh Sep 2025 #4

It would be interesting to know what their ages were canetoad Sep 2025 #6